Adding value to your property

The possibilities are endless for improving your property before you sell or rent it out — it’s only the budget that’s capped. Let’s look at the renovations that stand to give you the best returns on your investment.

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Spice up the kitchen

The home is defined by its functional rooms — places where people spend most of their time, engaged by their surroundings. This is why a top-notch kitchen is widely acknowledged as the primary improvement for boosting the value of a property.

Kitchen upgrades for adding value:

A layout that maximises space and social interaction

Modern finishes on surfaces and cabinets

Large, bright windows that let in plenty of light

Trendy or classic styles on plumbing, taps and light fittings

A new stove and spacious, easy-access oven

Brand new appliances (especially in furnished rentals)

Freshen up the bathroom

No matter how beautiful the home, a withering bathroom can still turn away potential buyers and tenants. Cosmetic refurbishments (like tile paint and a new shower head) may help but fixed features like tiles, pipes and the bathtub, can be a dead giveaway of age and condition.

Bathroom renovations that make a difference:

Professionally installed on-trend tiles

Matching sink and bathtub (if applicable) in a modern design

New vanity with a large mirror

Spacious shower recess

Bright windows or a skylight

Plumbing that’s either concealed or stylishly featured

Coordinated look and feel, with matching taps and fittings

Create entertaining outdoor spaces

Well-defined spaces for entertaining makes the prospect of a new home, and a new lifestyle, all the more real — especially when buyers and tenants can ride the high, and host a fully featured housewarming as soon as they’ve unpacked.

Improve the environment

Ambience can have a noticeable impact on our moods and general well-being over time. Although a homebuyer can easily remedy dark and chilly rooms with lamps and furnishings, starting out with bright and comfortable surrounds can help reinforce your original asking price.

SocietyOne says...

Financing home improvements is easier than it used to be. SocietyOne home improvement loans allow you to borrow up to $50,000 on flexible 2, 3 or 5 year loan terms. The 7.90% p.a. (9.92% comparison rate*) already beats many available personal loan rates — and goes down even further if you have a good credit history.

*The comparison rate is based on a SocietyOne Tier 1 unsecured personal loan of $10,000 over 3 years. Tier 1 borrowers will receive an interest rate between 7.75% - 10.55% (comparison rate 9.77% - 13.28% p.a.) depending on investor demand. WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different loan grades, terms, fees or loan amounts might result in a different comparison rate.

SocietyOne Australia Pty Ltd ACN 151 627 977 holds Australian Credit Licence No. 423660 and is an authorised representative of SocietyOne Investment Management Pty Ltd ACN 604 960 018, ASFL 477365. All loans are originated by Society One, issued by Australian Executor Trustees Limited ABN 84 007 869 794, Australian Credit Licence No. 240023 as custodian for the SocietyOne P2P Lending Trust and are signed by Society One under a power of attorney for and on behalf of Australian Executor Trustees Limited. Credit is subject to SocietyOne’s standard terms and conditions and lending criteria.